Question 3 Miller Company's most recent income statement follows: Total Per Unit Sales (20,000 units) $300,000 $15.00 Less: Variable expenses 180,000 9.00 Contribution margin 120,000 6.00 Less: Fixed expenses 70,000 Net income: 50,000 Required: Prepare a new income statement under each of the following conditions(consider each case independently). 1. The sales volume increased by 15% 2. The selling price decreases by $1.5 per unit and the sales volume increases by 25% 3. The selling price increases by $1.5 per unit and fixed expenses increase by $20,000 and the sales volume decreases by 5% 4. The selling price increases by 12%, variable expenses increase by 60 cents per unit, and sales volume decrease by 10%